JD.com, Inc. (NASDAQ:JD) Short Interest Update

JD.com, Inc. (NASDAQ:JD) was the target of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 36,980,000 shares, a decline of 6.8% from the October 31st total of 39,660,000 shares. Based on an average daily trading volume, of 17,930,000 shares, the short-interest ratio is presently 2.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JD. FMR LLC lifted its position in shares of JD.com by 41.0% in the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after purchasing an additional 4,445,277 shares during the period. Two Sigma Advisers LP increased its stake in shares of JD.com by 329.9% in the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after buying an additional 4,839,700 shares during the period. Federated Hermes Inc. lifted its stake in JD.com by 16.4% in the second quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock worth $110,601,000 after acquiring an additional 603,211 shares during the period. Fisher Asset Management LLC grew its stake in JD.com by 9.0% in the third quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider’s stock worth $162,904,000 after purchasing an additional 336,740 shares during the period. Finally, Point72 Asset Management L.P. raised its holdings in JD.com by 117.1% in the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock worth $161,356,000 after buying an additional 2,175,568 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JD. Citigroup cut their price target on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Susquehanna restated a “neutral” rating and set a $28.00 target price on shares of JD.com in a report on Monday, August 19th. StockNews.com upgraded JD.com from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. lifted their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Benchmark restated a “buy” rating and set a $47.00 price objective on shares of JD.com in a report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, JD.com currently has an average rating of “Moderate Buy” and an average price target of $40.36.

JD.com Price Performance

JD stock opened at $37.47 on Tuesday. The stock has a 50-day moving average price of $39.12 and a two-hundred day moving average price of $31.76. JD.com has a 1 year low of $20.82 and a 1 year high of $47.82. The stock has a market cap of $59.09 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 0.31 and a beta of 0.38. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

JD.com Company Profile

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.